Water park group finds extra liquidity
Theme park group Parques Reunidos has raised an extra €200m from a "select group of existing investors", as it seeks to combat the coronavirus-impaired operating environment that has shut many of its water park locations across Europe.
The company was taken private last year by EQT Infrastructure, alongside existing shareholders Alba and Groupe Bruxelles Lambert, with the buyout financed by a €970m term loan 'B' led by JP Morgan and Morgan Stanley.This was priced at 375bp against the benign market backdrop in late September. ...
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